USD/MYR v5
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 Mar 25 2020, 01:55 PM
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#41
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All Stars
12,268 posts Joined: Oct 2010 
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QUOTE(icemanfx @ Mar 25 2020, 01:33 PM) qe was the story sold for gold price rise. what drove gold price rise in 2012 was gold etf buying. Gold did not rise in 2012. You mean 2011?  Gold buying will go on forever. ETF is but a small buy compared to the central banks and consumer buying. |
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Mar 25 2020, 03:43 PM
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#42
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All Stars
12,268 posts Joined: Oct 2010
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QUOTE(oro102 @ Mar 25 2020, 02:23 PM) Gold hit peak at USD 1900+ in 2012 i think. Now if i'm not mistaken, the gold price is almost the same as 2011 level, the only difference is, ringgit is much weaker now hence gold appears much more expensive than it was. Reason gold is a good proxy hedge for Myr against USD. 1900 gold was in 2011. |
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